Serve Robotics Inc

ServiceMaster Brands® is a leading franchise provider of essential residential and commercial services. Founded in 1929, the company is home to over 3,500 franchisees across 4,900+ locations serving over 1,000,000 homes and businesses in 2021. ServiceMaster was founded with a deep commitment to integrity and customer service and does business under nine brands today across 50 states and ten countries that generate more than $3.5B in system-wide sales: ServiceMaster Restore®, ServiceMaster Recovery Management®, ServiceMaster Clean®, Merry Maids®, TWO MEN AND A TRUCK ®, Aftermath Services®, Indoor Science, AmeriSpec®, and Furniture Medic®. While each brand maintains a distinct identity, we share a commitment to our mission to make everyday heroes more heroic. From our franchisee experience to career development to our community, our values – We Serve, We Care, We Deliver, We Do - guide us. Working as part of our team means bringing your best ideas to work every day and seeing the impact of your contributions. Stars in our company at all levels are builders—they love to create, lead and see their plan come to life. Our best people understand that while great ideas are important, they require incredible focus and teamwork to execute. Life inside our company is the opportunity to do the best work of your career with a high energy. ServiceMaster Brands is headquartered in Atlanta, Georgia. Roark Capital Group acquired ServiceMaster Brands in October 2020. Roark focuses on investing in the consumer and business services sectors, with a specialization in multi-location and franchised businesses. Since inception, affiliates of Roark have invested in 100 multi-location, franchised brands, which collectively generate $62 billion in annual system revenues from 66,000 locations in 50 states and 89 countries. Please visit www.roarkcapital.com to learn more.

Earnings data Q1 2024

Earnings data Q2 2024

Earnings data Q3 2024

Earnings data Q4 2024

Serve Robotics reports Q3 revenue growth, eyes strategic expansion

Serve Robotics is making strides in robot deployment and strategic partnerships, though facing operational challenges and competition.
The company's financial performance in Q3 2024 showed revenue growth but a net loss, emphasizing the need for cost management.
With a strong cash balance and strategic acquisitions, Serve Robotics is poised for growth through market expansion and new revenue streams.

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Serve Robotics, Inc. engages in providing self-driving delivery. It designs, develops, and operates zero-emissions robots that serve people in public spaces, starting with food delivery. The company was founded by Ali Kashani, Dmitry Demeshchuk and MJ Burk Chun in 2017 and is headquartered in Redwood City, CA.

TEL AVIV, Israel and SAN FRANCISCO , June 3, 2024 /PRNewswire/ -- DriveU.auto (or "DriveU"), a leading provider of connectivity platforms for autonomous vehicles, and Serve Robotics (or "Serve") (Nasdaq:SERV), a leading provider of autonomous delivery robots, today announced the deployment of DriveU.auto's connectivity platform on Serve's commercially-deployed robotic fleet. Serve will leverage DriveU's platform to enhance the performance of remote monitoring of its autonomous delivery robots—adding to the suite of tools Serve utilizes as it works to deploy up to 2,000 robots on the Uber Eats platform.

Serve Robotics integrates DriveU.auto's connectivity platform to support scale deployment of fleet

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Revenue of $0.95 million; 124% sequential growth in delivery and branding revenue Signed agreement with Magna International for a long-term licensing partnership and exclusive contract manufacturing of Serve robots Post quarter-end, successfully uplisted to the Nasdaq Capital Market with concurrent $40 million equity offering Continued focus on deploying 2,000 robots under Uber Eats contract SAN FRANCISCO , May 15, 2024 /PRNewswire/ -- Serve Robotics Inc. (the "Company" or "Serve") (Nasdaq:SERV), a leading autonomous sidewalk delivery company, today announced financial results for the three months ended March 31, 2024 and provided a corporate update. "The Company delivered improvements in our operational key metrics and fundamentals, including a 97% increase in daily supply hours and a 70% increase in daily active robots, when compared to the first quarter of last year.

Serve Robotics Announces First Quarter 2024 Results and Provides Corporate Update

NEW YORK, NY / ACCESSWIRE / April 25, 2024 / Aegis Capital Corp. acted as Sole Bookrunner on a $40 Million Public Offering and Uplisting to Nasdaq for Serve Robotics Inc. (NASDAQ: SERV). About Serve Robotics Inc. Serve Robotics Inc. designs, develops, and operates low-emission robots that serve people in public spaces with food delivery in the United States.

Aegis Capital Corp. acted as Sole Bookrunner on a $40 Million Public Offering and Uplisting to Nasdaq for Serve Robotics Inc. (NASDAQ: SERV)

Magna International

Serve to rely on Magna's manufacturing expertise to scale its fleet to up to 2,000 robots for Uber Eats and for geographic expansion Magna has been licensing Serve's technology to support development of new robotic products SAN FRANCISCO , April 24, 2024 /PRNewswire/ -- Serve Robotics Inc. (the "Company" or "Serve") (NASDAQ:SERV), a leading autonomous sidewalk delivery company, today announced an expansion of their existing agreement with Magna International Inc. ("Magna") (TSX: MG; NYSE: MGA), one of the world's largest automotive suppliers, to accelerate the adoption of robotics in logistics. Under the terms of a new production and purchase agreement effective April 24, Magna will become the exclusive contract manufacturer of Serve's delivery robots, supporting Serve's plan to deploy up to 2,000 robots on the Uber Eats platform across multiple U.S. markets.

Serve Robotics Enters Production Agreement with Magna to Scale Robot Manufacturing

Uber

SAN FRANCISCO , April 22, 2024 /PRNewswire/ -- Serve Robotics Inc. (the "Company" or "Serve"), a leading autonomous sidewalk delivery company, today announced the closing of its underwritten public offering of 10,000,000 shares of common stock at a price to the public of $4.00 per share, for aggregate gross proceeds of $40 million, prior to deducting underwriting discounts and offering expenses. The offering included the participation of one of Serve's largest stockholders and strategic partners, Postmates, LLC, a wholly-owned subsidiary of Uber Technologies Inc (NYSE: UBER).

Serve Robotics Inc. Announces Closing of $40 Million Public Offering and Uplisting to the Nasdaq Capital Market Under New Ticker "SERV"

Serve Robotics, the Uber and Nvidia-backed sidewalk robot delivery company, debuted publicly on the New York stock exchange Thursday, making it the latest startup to choose going public via a reverse merger as an alternative path to capital needed to fund growth.

Uber, Nvidia-backed Serve Robotics hits public markets with $40M splash

SAN FRANCISCO , April 17, 2024 /PRNewswire/ -- Serve Robotics Inc. (the "Company" or "Serve"), a leading autonomous sidewalk delivery company, today announced the pricing of its underwritten public offering of 10,000,000 shares of common stock at a price to the public of $4.00 per share, for aggregate gross proceeds of $40 million, prior to deducting underwriting discounts and offering expenses. The offering includes the participation of one of Serve's largest stockholders and strategic partners, Postmates, LLC, a wholly-owned subsidiary of Uber Technologies Inc (NYSE: UBER).

Serve Robotics Inc. Announces Pricing of $40 Million Public Offering and Uplisting to the Nasdaq Capital Market Under New Ticker "SERV"

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Macy's

Companies In The News Are: M, BF.B, HRB, SERV.

Company News for Sep 3, 2020

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